by Roger Koppl The Christian Science Monitor reports that Moody’s is considering downgrading US government debt. (HT: Mario Rizzo) Is that a credible threat? Moody’s is one of ten “Nationally Recognized Statistical Rating Organizations” (NRSRO) officially recognized by the SEC. Moody’s, S&P, and Fitch are the big three and do most of the rating. Would … Continue reading Mysterious Moody’s Move
by Roger Koppl Today's Los Angeles Times reports that "Businesspeople join the ranks of climate treaty proponents." This support is old news as I noted last May in a post entitled "Water does not run uphill." The L A Times report nevertheless express surprise saying, "an unlikely batch of advocates has emerged to champion a … Continue reading News Flash! Water still runs downhill only
by Roger Koppl It is better to signal goodness than to do good. That’s it. That’s the lesson. (Thanks to Steve Horwitz for the title of this post.) Democratic politics is mostly about signals not substance. The lesson is simple, but somehow hard to learn. Okay, okay, I admit that’s not really the One Great … Continue reading Politics in One Lesson
by Roger Koppl Friday I spoke at a conference on Forensic Science in the 21st Century: The National Academy of Sciences Report and Beyond. The report was a humdinger. It says, “The bottom line is simple: In a number of forensic science disciplines, forensic science professionals have yet to establish either the validity of their approachor the accuracy … Continue reading Who will capture forensic science?
ThinkMarkets is very pleased to present the following post by the first of our guest bloggers, Jerry O’Driscoll. Jerry is a senior fellow at the Cato Institute. He has written on a wide variety of subjects in monetary economics and on Hayek’s economics. He and I are also coauthors of The Economics of Time and … Continue reading Regulatory Failure
by Chidem Kurdas James Galbraith puts a dramatic spin on recent history in his new book, “The Predator State.” He argues that the American government was used to plunder public resources for private gain. That certainly rings true, one obvious new example being the pork projects added by Congress to the financial bailout bill. … Continue reading Interventionist Romance